Paytm Gets In-Principle Payment Aggregator Licence From RBI

This comes a year after Paytm said that its payments arm would re-apply for a PA licence

Paytm Payments Services Limited received in-principle authorisation approval from the RBI

Shares of the fintech major closed 0.2% lower at INR 1.119.95 on the BSE today

The Reserve Bank of India (RBI) has granted in-principle authorisation to fintech major Paytm’s subsidiary, Paytm Payments Services Limited (PPSL), to operate as a payment aggregator (PA).

“We would like to…